Member Info for FigTreeHarry

Got it IiGamey.
I wonder if the new CEO will make cut backs on 100 staff working on backlogs?
Also it only covers the period from Nov 2018 if I recall?

We stopped lending in March 20 to date (except key workers) so that is not a bad thing. Many are also paying off loan early (up by 10%) on last year. Which is not a bad thing.

If a customer lies on his claims, It is fraud - simple clear TnC’s are read out first. If then customer later makes out she/ he cant afford the repayments, then it will be thrown out.

All calls are recorded.
They will cover all corners this time.

They have had months working on new processes.

Exactly Franky,

Benamor and other became rich in 2018. That was the old amigo team from an IPO.

The new BOD are starting from bottom level, and not every NED / incoming CEO is a millionaire.

500,000 is likely a very good sizable investment for NED turned CEO suddenly. GJ has done his maths homework and aquired a stake asap “well before Closed period commences as s-price will be higher by 15th pretty sure of it”

All the bigger news has been held back for fear of sp kicking off before vote.

The 2nd vote is now history.
Time to let the cat out of the box!

Hi iiAG,
I looked at those figures a while back and looked impressed. Major difference qt the time was shares held in possession. Now I’m not saying this bxxxxxd of a share cannot move, because we know it can move 3-6p if the cat if allowed out of the box. We’ve all seen it. That said I’d like to see new major Shareholders come forward and take a stake now with JB “stepping away” supposedly. He can still “accumulate to speculate” (bugger, now that’s an old line..haha)

Second argument IPO was overvalued? then lets cut it by 40% to 1.70. We are still a 17 bagger if we fix the satisfy backlog issues and restart lending in Nov
6 weeks away....stay positive.

Mr Prudent/ aka CFO: Nayar: We believe it is a prudent provision.
The word is almost always used with a positive connotation, as it implies a high level of insight into practical activities. As a result, a person who is prudent is often regarded as wise, shrewd, and considerate.
Prudent Provision by definition is a positivie word overestimating

Could this be his legacy? (Stunned eye emoji..)

By the way my correction CFO Nayan joined in Jan 2019.

Not 2016.as I mentioned a few times. Lovering joined 2015/2016.

We are the “best recovery play” from here most are convinced.
6month Interims will be good.
Missing out is “major /significant shareholders” coming forward with 5-10% Holdings - Invest in AMGO before we explode up.

That’s what I’d want to see. If not J.., then another Bank/ Fund.
GJ had this at Orchard Funding PLC. He WILL be fully aware of this.
Investor Presentation to the CITY before interims would be good.

Plus update on Irish business.

I wonder if 41,000 or customer no’s include ALL incl Overseas customers?

Seems so:

“We have confidence in our affordability processes which have been thoroughly reviewed during the Financial Conduct Authority authorisation process and are supplemented by regular internal reviews”.

FAQ’s dissapeared from website.

This is last update:
We have not seen a material change in Complaint volumes, which have remained volatile over August and September. However, we continue to make progress with our handling of these complaint volumes. We are preparing to restart lending on a prudent basis by the end of 2020. We have adequate liquidity and funding to support our return to lending and have made a number of updates to our processes to reflect the current regulatory environment.

Assuming the updates to scorecards are part of their processes to ensure affordability.
If Q2 results are no later than Nov 26th. And if they wish to take advantage of COVID + Christmas. GJ and FCA would likely aim for Mid Nov latest.

Viking,
Teflon Trump, markets like him true, sore loser if he lost.
Mon is Oct 5TH - next countdown begins ...(aghhh!!)

VReq and restart “prudent basis” Lending - 2 heavyweight decisions 3-6 weeks away.
18%/ 9000 customers are already restarted paying since July 1st -Aug 31st out of 41000 =Turnover /Profit will increase in Q2.
Lending to key workers continues =profit
Lending to 7.8 - 9.8m (of which 4m have shown interest)
Can we fast forward?

KFC.......Lols

Lovering 1% majority, did the 2% hounddogs not bother to vote??
We should do a collection and buy 2 havana cigars and send to Amigo HQ at some point.
Market will react on their departures!

I keep pondering “Which other company” has £145m cash and still making profit, with more to come once lending re-starts - in this dark pandemic era? Amidst the recent saga.

9,000 customers having returned to making regular payments and over 3,000 having repaid their loan in full. Early signs of those exiting payment holidays are encouraging, with no notable deterioration in arrears.

"Cash collection remains robust at over 80% of pre-Covid-19 expectations, as at 31 August 2020. This includes the early settlement of some customer loans. We have unrestricted cash of over GBP145m, as at 31 August, and adequate liquidity to continue to fund operations and support our customers. Net debt has reduced by GBP29m in the two months to 31 August with securitisation borrowings reducing to GBP192m and senior secured notes remaining at GBP234m.“

This is keeping me in, and Gary.J. maybe, just maybe, the guru AMIGO needs to lead Amigo forward in the next chapter of its development. However working hard for “SHAREHOLDER VALUE” must be part of his corporate vision for amigo loans.

Hunniford,
Has he publicly cancelled his irrevocable order close date Feb 21?
Or we are led to believe this is rotting in some file.
I thought he would have tweeted:)

Hmm...4 more yrs of Trumpism.
Worst than covid...

Direct buys:
GJenisson
JRoe
———————————-
Lovering - WAY OUT
CFO - UNLIKELY TO BUY
The others unlikely have deep pockets.

Next week :
- FCA Approval
- Goodbye Lovering.
1 new NED appointments to fill

CFO will be lonely without Lovering.

4 weeks to US elections:
Who will win?

Potus revelation didnt help markets.
Good news is, he has hydroQ medication at hand.

Chesee,
You don’t ever have issues with gluten right?
Show off...

Hi Twisty,
Quiet base, but still 95 minutes left.
They have a habit of releasing news at odd times lately.
Regardless of the week in conclusion AGM / GM vote result, Glen departure, GJ appointment, based on our market cap 475,000,000 - past 5 days BUYS exceed SELLS. 18% v 15%
It seems investors are ultimately satisfied to buy and hold from here.
Mm’s will be very frustrated.

Is Seamus in some kind of fisticuffs??
What round is it?

3% - spread is ok.
Mm’s looking for the patient sellers.
Almost static?